Multiple Choice
In accordance with Corporations Act,which of the following companies will be required to conform to the Australian Accounting Standards in the preparation of their financial reports? Proprietary Company with revenues of $12 million,total assets of $4 million and number of employees totalling 80.
Proprietary Company with revenues of $6 million,total assets of $4 million and number of employees totalling 60.
Company listed on the stock exchange.
Company that issued a public debt
Reporting entities
A) All of the given answers.
B) I, II, III, and IV only.
C) I, III, IV and V only.
D) I, III and IV only.
E) III, IV and V only.
Correct Answer:

Verified
Correct Answer:
Verified
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